Reference no: EM132621657

Questions -

Q1. Units to be Assigned Costs

Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 66,900 ounces from the Blending Department. During the period, the Filling Department completed 71,700 ounces, including 9,500 ounces of work in process at the beginning of the period. The ending work in process inventory was 4,700 ounces.

How many ounces were started and completed during the period?

Q2. Equivalent Units of Materials Cost

The Filling Department of Eve Cosmetics Company had 4,000 ounces in beginning work in process inventory (60% complete). During the period, 46,000 ounces were completed. The ending work in process inventory was 8,000 ounces (25% complete).

What are the total equivalent units for direct materials if materials are added at the beginning of the process?

Q3. Equivalent Units of Conversion Costs

The Rolling Department of Keystone Steel Company had 400 tons in beginning work in process inventory (20% complete). During the period, 7,900 tons were completed. The ending work in process inventory was 1,000 tons (30% complete).

What are the total equivalent units for conversion costs?

Q4. Cost of Units Transferred Out and Ending Work in Process

The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units Direct Materials	Conversion
Inventory in process, beginning of period	0	1,600
Started and completed during the period	42,000	42,000
Transferred out of Filling (completed)	42,000	43,600
Inventory in process, end of period	8,000	2,000
Total units to be assigned costs	50,000	45,600

The beginning work in process inventory had a cost of $1,800. Determine the cost of completed and transferred-out production and the ending work in process inventory.